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Robot as with AI causing risks

Will corporate AI risks end up in your lap?

Artificial intelligence could be great for many aspects of business – but mind its security risks, urges PWC in a report.

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Security issues easily get too little attention when companies embark on their projects to employ artificial intelligence technology, AI. The peril is high-lighted in a report from global audit and advisory firm PWC, in turn referred by Swedish news site Realtid.

Expecting a boom

”Today an increasing number of companies place their bets on AI, and for 2019 we expect an explosion, yet security thinking must follow on along the track,” says Jakob Bundgaard, head of cyber security at PWC Sweden, in the Realtid article.

”There is plenty to be done in many organizations, both private and public.”

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Take it as it comes

Calculations have shown that AI could contribute to the world economy with a whopping 15.700 billion dollar by 2030.

Even so, only 47 percent of senior managers responding to PWC’s survey said they were planning to put focus more on testing the impact of data models and algorithm application. Also, only a little over half of the respondents were planning efforts to improve the control of operational models and processes related to AI.

Items on the checklist proposed by PWC include structure, workforce, trust, data and reinvention, as well as the convergence with analytics and internet-of-things.

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